A&O has provided advisory services to Allianz Real Estate in relation to the acquisition of the Warsaw Financial Center (WFC), one of the highest quality office assets in Poland. Please enter ByLine.
The property was sold for the value of EUR 210 mln. Allianz Real Estate was part of a buying consortium which also included Curzon Capital Partners III, a fund managed by Tristan Capital Partners.
The WFC was one of the first class A high-rise office structures in the CEE region when completed in 1998. The building is currently almost fully let to tenants that include law firms, consultancy firms and banks. It is situated at the junction of ul. Emilii Plater and ul. Świętokrzyska, has a leasable area of 50,000 sqm, currently almost fully-leased to 73 tenants
Radomił Charzyński, head of Allen & Overy Warsaw Real Estate practice, comments: “It is yet another transaction on the real estate market closed recently by our law firm; this confirms Allen & Overy’s position as one of major legal advisors in that field. We are proud to be able to advise to Allianz Real Estate in such a prestigious project.”
The Warsaw team of Allen & Overy was led by Radomił Charzyński, head of the Real Estate practice with the support of Piotr Drzazga, senior associate and advocate.
